What is Attachment 5 to the Crawlspace Medic Franchise Agreement for Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
ound hereby, mutually agree as follows:
- 1. RECITATIONS. The Recitations set out above form part of this Agreement.
- 2. GRANT OF FRANCHISE. Franchisor hereby grants to Franchisee and Franchisee accepts, upon the terms and conditions contained in this Agreement, the license to operate a Crawlspace Medic franchise (the "Franchised Business"), using only the Marks licensed hereunder, in strict conformity with the System, which may be changed,
improved and further developed by Franchisor from time to time. This grant applies only to a single location within a territory that is designated in Attachment 2 attached hereto and incorporated herein (the "Territory").
3. TERRITORY
- 3.1 Territory. This Agreement grants Franchisee the right to operate the Franchised Business at a single location within the Territory.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2024 FDD)
Based on the 2024 Crawlspace Medic Franchise Disclosure Document, the provided excerpts from Item 22 (Contracts) describe various attachments to the franchise agreement, such as Attachment 2 which designates the territory and Attachment 3 which defines the development area for developers. However, there is no mention of an Attachment 5 within the provided excerpts.
Since the FDD excerpts do not specify the contents of Attachment 5, a prospective Crawlspace Medic franchisee should directly ask the franchisor for a copy of Attachment 5 and a detailed explanation of its contents. This is crucial for understanding all the obligations, rights, and conditions associated with that particular part of the franchise agreement.
Understanding the contents of all attachments is essential for making an informed decision about investing in a Crawlspace Medic franchise. It allows potential franchisees to fully grasp their contractual obligations and the franchisor's expectations.